February 14, 2018 / 6:59 AM / 10 months ago

Saudi's Falih confident oil cuts will continue to stabilise market

Saudi Energy Minister Khalid al-Falih and Russian Energy Minister Alexander Novak attend a news conference at the Ritz-Carlton hotel in Riyadh, Saudi Arabia February 14, 2018. REUTERS/Faisal Al Nasser

RIYADH (Reuters) - Saudi Arabia’s Energy Minister Khalid al-Falih said on Wednesday he was confident that cooperation between the Organization of the Petroleum Exporting Countries (OPEC)and its non-OPEC allies will continue to stabilise oil markets.

“I am confident that our high degree of cooperation and coordination will continue and bring the desired results,” Falih told an industry conference in Riyadh attended by Russian Energy Minister Alexander Novak and OPEC Secretary General Mohammad Barkindo.

Reporting By Rania El Gamal; Writing By Maha El Dahan; Editing by Christian Schmollinger

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